Pineapple Fund's $56M Giving Spree
philanthropy.com
Pineapple Fund's $56M Giving Spree
1–10 of 59 posts
Re: Pineapple Fund's $56M Giving Spree
#2Good on him/her/them. It would be really nice if more wealthy people donated to the Open source world, to organisations like the EFF and mental health organisations etc (without strings attached...).
Re: Pineapple Fund's $56M Giving Spree
#3I wonder if this is somebody really being philanthropic, or if they just control a ton of bitcoin that they can't access (for fear of taxation / Questions Being Asked), so they drop it on charities they're sympathetic to...
Re: Pineapple Fund's $56M Giving Spree
#4Good on him/her/them. It would be really nice if more wealthy people donated to the Open source world, to organisations like the EFF and mental health organisations etc (without strings attached...).
Most of those wealthy people you mean are older and not as technologically aware, so the charities they fund are ones that they know of (and bring them more social kudos) such as AIDS/Cancer/Human Rights organisations.
Re: Pineapple Fund's $56M Giving Spree
#5I wonder if this is somebody really being philanthropic, or if they just control a ton of bitcoin that they can't access (for fear of taxation / Questions Being Asked), so they drop it on charities they're sympathetic to...
The donor has said/intimated they they have enough money from bitcoin that they own that they really dont need the rest and so it may as well go to good causes. He/She/They can probably expect something of a tax write-off but I imagine that taxes arent really a problem for them either. If you are happy to give away ~$80m then paying ~$10-20m in taxes is not going to phase you.
Re: Pineapple Fund's $56M Giving Spree
#6I wonder if this is somebody really being philanthropic, or if they just control a ton of bitcoin that they can't access (for fear of taxation / Questions Being Asked), so they drop it on charities they're sympathetic to...
Or they feel guilty with how those coins were obtained.
Re: Pineapple Fund's $56M Giving Spree
#7I wonder if this is somebody really being philanthropic, or if they just control a ton of bitcoin that they can't access (for fear of taxation / Questions Being Asked), so they drop it on charities they're sympathetic to...
Isn't it philanthropy regardless? If Pine benefits, it's only because society benefits.
Re: Pineapple Fund's $56M Giving Spree
#8I wonder if this is somebody really being philanthropic, or if they just control a ton of bitcoin that they can't access (for fear of taxation / Questions Being Asked), so they drop it on charities they're sympathetic to...
The donor has said/intimated they they have enough money from bitcoin that they own that they really dont need the rest and so it may as well go to good causes. He/She/They can probably expect something of a tax write-off but I imagine that taxes arent really a problem for them either. If you are happy to give away ~$80m then paying ~$10-20m in taxes is not going to phase you.
[deleted]
Re: Pineapple Fund's $56M Giving Spree
#9I wonder if this is somebody really being philanthropic, or if they just control a ton of bitcoin that they can't access (for fear of taxation / Questions Being Asked), so they drop it on charities they're sympathetic to...
Isn't it philanthropy regardless? If Pine benefits, it's only because society benefits.
Just like Robin Hood then? :)
Re: Pineapple Fund's $56M Giving Spree
#10I wonder if this is somebody really being philanthropic, or if they just control a ton of bitcoin that they can't access (for fear of taxation / Questions Being Asked), so they drop it on charities they're sympathetic to...
They could still obscure its source and exchange it for cash.